Mobileye’s supply glut warning rattles auto chip stocks
(Reuters) -Self-driving technology company Mobileye Global warned on Thursday that a pullback in orders from customers clearing excess inventory will…
US chip stocks tumble after strongest year since 2009
By Noel Randewich (Reuters) – U.S. chip stocks added to a string of losses on Wednesday, with Wall Street’s main…
Wall St notches second lower finish as 2024 starts with profit-taking
By David French (Reuters) – U.S. stock indexes ended the second session of the year down again in extended profit-taking…
Disney wins activists’ backing in boardroom fight with Peltz
By Svea Herbst-Bayliss (Reuters) -Activist hedge funds ValueAct Capital and Blackwells Capital moved on Wednesday to back Walt Disney Co…
Apple agrees to settle lawsuit over iTunes gift card scam
By Jonathan Stempel (Reuters) – Apple has agreed to settle a lawsuit accusing the company of knowingly letting scammers exploit…
Intel spins out AI software firm with backing from DigitalBridge
By Stephen Nellis (Reuters) – Intel on Wednesday said it was forming a new independent company around its artificial intelligence…
US Supreme Court’s Roberts urges ‘caution’ as AI reshapes legal field
By John Kruzel WASHINGTON (Reuters) -Artificial intelligence represents a mixed blessing for the legal field, U.S. Supreme Court Chief Justice…
Chevron to take up to $4 billion in charges in Q4
By Arunima Kumar (Reuters) -Chevron said on Tuesday it would take non-cash writedowns on U.S. oil and gas production, primarily…
Bitcoin climbs above $45,000 to 21-month peak as new year kicks off
By Ankur Banerjee and Medha Singh (Reuters) -Bitcoin galloped past $45,000 on Tuesday, for the first time since April 2022,…
Alibaba Group says repurchased $9.5 billion worth shares in 2023
(Reuters) -China’s Alibaba Group said on Tuesday it had repurchased a total of 897.9 million of its shares for $9.5…